Best Forex Prop Firms

FundedNext is the best forex prop firm with an overall score of 92/100 thanks to its solid scaling plan, flexible challenge types, and profit splits up to 95%. Whether you want quick funding or a structured evaluation, there’s an option for you.

Use promo code PROPFIRMS to get a 120% refund after passing the challenge—your entire fee back, plus a 20% bonus when you make your first withdrawal.

FundedNext Offers Scaling up to $4 Million

FundedNext’s structured scaling plan and competitive payouts make it the best forex prop firm worldwide.

With starting account sizes from $5,000 to $200,000 and performance-based scaling options, FundedNext is designed for traders who can demonstrate consistency and strategic risk management.

Challenges and Accounts

FundedNext offers a choice of three challenge models to cater to different trading styles and risk levels:

1. Evaluation: A classic two-phase challenge with realistic profit targets and a progressive payout structure starting from 80%, increasing up to 90%.
2. Express: A single-step model with both Consistency and Non-Consistency options. The Consistency option allows account sizes up to $200,000 but requires a steady trading pace, while Non-Consistency offers flexibility with account sizes up to $100,000.
3. Stellar: Available in both 1-step and 2-step formats, Stellar accounts offer high profit splits (up to 95%) with the flexibility to choose between accelerated or staged evaluations.

Each challenge is designed to assess risk management, consistency, and strategic trading, with entry fees based on account sizes and challenge type.

The evaluation fees are refunded after the first profit withdrawal, adding value for traders who meet the challenge requirements.

Profit Splits and Payouts

FundedNext’s profit-sharing model starts at 80% and can reach up to 95% based on the challenge type and performance.

The prop firm offers flexible payout options, allowing withdrawals every 14 days for most models, with fast-track options available for the Stellar model.

• Payout Options: Traders can choose monthly or bi-weekly payouts, with no internal withdrawal fees.
• Minimum Withdrawal: $20 for bank transfers; $50 for cryptocurrency withdrawals.
• Evaluation Fee Refund: Evaluation fees are fully refundable upon the first profit withdrawal.

FundedNext’s payout system incentivises consistent performance, making it suitable for traders seeking steady, scalable earnings.

Markets and Leverage

With access to 83 financial instruments across forex, indices, commodities, and cryptocurrencies, FundedNext caters to traders looking for diversity in their trading options. Leverage varies by account type and asset class, providing tailored exposure to manage risk.

Trading Platforms

FundedNext offers access to four major trading platforms – MT4, MT5, cTrader, and TradingView.

• MetaTrader 4 (MT4): Favoured for its ease of use and compatibility with automated trading systems (EAs).
• MetaTrader 5 (MT5): Includes additional order types, market depth, and integration with TradingView for advanced charting.
• cTrader: Provides transparent Level II pricing and a user-friendly interface across desktop and mobile, with a $10 monthly fee.
• TradingView: Available through MT5 integration, TradingView supports advanced technical analysis and is popular for its intuitive design.

Trust and Community

FundedNext has a strong presence on social media, with active communities on Discord, Telegram, and Facebook. The prop firm’s excellent TrustPilot rating of 4.5 out of 5 reflects positive customer feedback, supported by high engagement across its online platforms.

• Discord: Over 190,000 members
• Telegram: 40,000+ subscribers
• Facebook and Twitter: High follower engagement with frequent updates

The firm’s community channels provide traders with valuable insights, support, and real-time announcements.

Support and Education

FundedNext provides 24/7 support via live chat and email, complemented by a comprehensive range of educational resources, including trading guides, market updates, and a YouTube channel featuring over 1,200 videos.

These resources cover essential topics like trading psychology, strategy development, and market trends, while the YouTube content offers tutorials, webinars, and valuable insights into prop trading.

Our Final Verdict on FundedNext

FundedNext’s extensive challenge options and high scaling potential make it the best forex prop firm for traders with growth ambitions. While the firm’s strict daily loss limits require disciplined risk management, it offers a strong trading community with a large Discord server and YouTube channel.

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IC Funded is backed by IC Markets, which means low spreads starting from 0 pips and strong execution speeds. You get access to MT4, MT5, and cTrader, along with leverage up to 50:1. It’s a great fit if you want a forex prop firm that keeps trading costs low.

Use promo code PROPFIRMS25 for 25% off challenge fees, but keep in mind—you can only use this discount once per trader so make it count.

IC Funded Offers the Low Spreads and Top Trading Conditions

IC Funded ranks as the second best forex prop firm with a solid overall score of 95/100. Our testing found its connection with the regulated forex broker IC Markets allows the prop firm to offer ultra-low spreads from 0 pips and forex leverage up to 50:1.

This, combined with its transparent two-phase evaluation process and competitive fees, makes IC Funded the best forex prop trading firm for those seeking funded accounts.

Challenges and Accounts

IC Funded provides a range of account levels with fees that cater to traders with different capital needs. This two-phase challenge structure is designed to assess both trading skill and discipline, with account options from $5,000 to $500,000.

• Phase 1: Evaluation – Requires achieving a 10% profit target while maintaining strict daily and overall drawdown limits.
• Phase 2: Verification – The target is reduced to 5%, focusing on consistent, risk-managed trading behaviour to confirm traders’ long-term potential.

Best Value IC Funded Challenge

During our assessment to rank the best prop trading firms, we found IC Funded’s $100,000 Level 5 account scored highest with an 8.02/10 rating. This trading account offers a practical balance between cost and achievable profit, making it ideal for prop traders seeking capital without excessive risk exposure.

Profit Splits and Payouts

IC Funded has a profit-sharing system that begins at 75%, increasing to 80% after the first month of trading on a funded account. This tiered structure incentivises steady performance from the outset, rewarding you with a higher profit split as you prove your skills.

• Payout Options – IC Funded provides monthly, bi-weekly, and on-demand payout options, which allows you to access your earnings based on your cash flow preferences.
• Evaluation Fee Refund – After your first profit withdrawal, IC Funded refunds the evaluation fee, which is an added benefit and reduces trading costs.

You must maintain a minimum net profit threshold of $20 for bank transfers and $150 for crypto withdrawals. No internal fees are applied on withdrawals; however, you may need to account for third-party provider fees.

Markets and Leverage

IC Funded provides you access to 96 trading instruments in total, with a strong focus on forex, featuring 66 currency pairs across major, minor, and exotic markets.

This range provides you with extensive opportunities to develop and refine diverse trading strategies, from traditional pairs like EUR/USD to more volatile exotics such as USD/ZAR.

• Forex Pairs: 66 forex markets, covering major, minor, and exotic pairs.
• Commodities: 5 commodity markets including Brent Oil, Crude Oil, Gold, and Silver.
• Indices: 25 global indices, including AUS200, US500, and UK100.

IC Funded’s leverage structure provides a balance between high trading power for forex and controlled exposure on indices, making it ideal for prop traders focused on sustainable risk management.

Trading Platforms

IC Funded offers three of the most popular trading platforms being MT4, MT5, and cTrader, which suit various trading styles:

1. MetaTrader 4 (MT4): Known for simplicity and a wide range of technical analysis tools. MT4 is favoured by forex traders for its ease of use and compatibility with Expert Advisors (EAs), enabling automated trading.
2. MetaTrader 5 (MT5): An upgrade of MT4 with additional order types, timeframes, and market depth. MT5’s broader asset compatibility is ideal for traders interested in a wider selection of markets.
3. cTrader: Offers Level II pricing and extensive customisation options, making it an excellent choice for advanced traders who rely on technical analysis.

Each platform supports automated trading and high impact news trading, though IC Funded prohibits copy trading. You can choose a platform that best suits your trading skills and strategy, while benefiting from flexibility in technical tools.

Trust and Community

While IC Funded itself isn’t directly regulated, its strong partnership with IC Markets lends it credibility. IC Markets, a broker regulated by ASIC (Australia) and CySEC (Europe), brings reliability to IC Funded’s offering through access to deep liquidity and transparent execution.

To back this up, the prop firm has an excellent TrustPilot score of 4.4 out of 5 stars, showing consistent customer satisfaction and reinforcing its standing as a trusted prop firm.

Support and Education

IC Funded offers 24/7 support through an AI-assisted live chat feature, which during testing we found provided great assistance for common questions. For complex inquiries, you can use email for direct communication with the support team.

IC Funded’s also has a unique, in-house chat platform resembles a private Discord channel. Managed directly by the prop firms inhouse team, it enables you to interact with the firm and fellow traders in a secure environment, minimising misinformation and providing real-time support.

In terms of education resources, IC Funded’s client dashboard includes a range of instructional videos and market commentary, covering both market trends and practical trading techniques.

Our Final Verdict on IC Funded

IC Funded takes the second spot as the best forex prop firm with a solid score of 95/100. Its low spreads from 0 pips, high leverage up to 50:1 on forex pairs, and strong partnership with IC Markets make it a great prop firm for forex trading.

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BrightFunded is the third best forex prop firm with an overall score of 96/100, and includes an industry leading loyalty program that makes it easy for you to scale up and keep more of your profits. With account sizes from $5K to $200K and profit splits up to 100%, it’s one of the best forex prop firms for traders looking to grow their capital.

The Trade2Earn loyalty program can reduce your trading costs overtime by allowing you to earn tokens that unlock free evaluations, higher profit splits, and lower drawdowns. Add that to an unlimited scaling plan, and you’ve got a prop firm that rewards consistency and growth.

Use promo code PROPFIRMS26 for 26% off challenge fees.

BrightFunded’s Unlimited Scaling Plan

BrightFunded rewards consistency with an unlimited scaling plan, allowing you to increase your account size by 30% every four months if you meet performance targets.

Once you hit the third scale-up, you can keep 100% of profits, making it one of the most rewarding growth models in the prop trading industry.

BrightFunded also provides customisable challenge add-ons such as faster payout cycles, higher profit splits, and no minimum trading days to cater to different trading styles.

Profit Splits and Payouts

BrightFunded’s profit-sharing model allows traders to keep 80% to 100% of their earnings, depending on scaling milestones and loyalty program participation. You can also request payouts weekly or bi-weekly based on selected add-ons.

Withdrawals are processed via bank transfer or cryptocurrency, with no minimum withdrawal amount.

Trade2Earn Loyalty Program

The Trade2Earn program is a unique feature of the prop firm where you can earn BrightFunded Tokens for every trade, which can be redeemed for:

• Free evaluations (skip paying for challenges!)
• Higher profit splits (up to 100%)
• Lower drawdown limits for more trading flexibility
• Discounts on challenge fees up to 50%

This program makes BrightFunded even more rewarding for prop traders who stay active and consistent.

Markets and Leverage

BrightFunded provides you access to 49 forex pairs, commodities, indices, and 36 cryptocurrencies. Leverage is flexible, with forex at 1:100, commodities at 1:40, and crypto at 1:5.

Trading Platforms

Unlike most forex prop firms, BrightFunded does not support MT4 or MT5. Instead, it offers a proprietary trading platform available on desktop, mobile, and web, featuring real-time market data, customisable charts, and a seamless trading interface.

Trust and Community

BrightFunded holds a 4.6/5 TrustPilot rating, with traders praising its fast payouts and transparent rules.

The prop firm has an active Discord community with over 16,000 members, offering trade ideas, market insights, and direct support from the BrightFunded team.

Our Final Verdict on BrightFunded

BrightFunded’s scaling plan, loyalty program, and flexible trading model make it a strong choice for traders focused on long-term growth and high profit splits. If you’re looking for a prop firm that rewards consistency and active trading, BrightFunded is one of the best options out there.

DNA Funded is the fourth best forex prop firm with a score of 97/100 plus low commission fees, a wide range of tradable forex pairs, and fast payouts. With challenges starting at $49, it’s one of the more affordable ways to get funded. The optional add-ons let you increase profit splits or shorten withdrawal times, giving you extra flexibility.

Use promo code PROPFIRMS25 to get 25% off your challenge fee, so you can start trading for less.

DNA Funded Charges the Lowest Commission Fees

Ranked as the third best forex prop firm overall, DNA Funded stands out for its low fees, range of account types, wide market access, and strong partnership with DNA Markets.

With a solid overall score of 97/100, DNA Funded offers three challenge types with account sizes up to $200,000 and maximum leverage of 50:1 on forex pairs.

Challenges and Accounts

DNA Funded is designed to be competitive, with some of the lowest fees in the prop trading industry, starting from just $49.

The prop firm offers three challenge types to suit different trading styles and goals:

1. Single Helix (1 Step): Simple challenge with a 10% profit target and unlimited trading days. Add-ons are available for an early payout, reducing the standard 14-day payout period to just 7 days.
2. Double Helix (2 Step): Two-step evaluation with a 10% profit target in Phase 1 and a reduced 5% target in Phase 2. Add-ons allow traders to increase the profit split from 80% to 90%, providing higher potential earnings.
3. Pro Challenge (1 Step): Fast-paced challenge requiring a 5% profit target within 10 days, suited for high-frequency traders. Add-ons here include both a faster payout option and an increased profit split to 90%.

Profit Splits and Payouts

DNA Funded offers a profit split starting at 80%, with an option to increase it to 90% through an add-on. Flexible payout options are available to funded traders, with a standard 14-day payout cycle, and an add-on to enable weekly (7-day) payouts.

• Evaluation Fee Refund: Traders receive their initial challenge fee back after their first profit withdrawal.
• Minimum Withdrawal Thresholds: A $20 minimum is required for bank transfers, while crypto payouts require $150.

Markets and Leverage

DNA Funded gives traders access to over 800 financial instruments, with a strong focus on forex:

• Forex Pairs: 66 currency pairs, including major, minor, and exotic pairs, allowing for diverse forex trading opportunities.
• Commodities: Gold, Silver, Brent, and Crude Oil, with leverage options supporting flexible trading.
• Indices: 25 major global indices, providing exposure to global stock market performance.
• Stocks: Select stocks from global markets, giving traders added options in equity trading.
• Cryptocurrencies: Limited crypto options like BTC/USD and ETH/USD, available for the Single Helix and Double Helix challenges only.

Leverage varies by market to help manage risk.

Trading Platforms

DNA Funded provides two trading platforms, TradeLocker and DXTrade:

1. TradeLocker (with TradingView integration): Highly customisable, offering advanced charting and risk management tools, ideal for manual traders.
2. DXTrade: Designed for beginner traders with flexibility and some automation features but limited reliability in fast markets.

Due to performance inconsistencies with DXTrade, we recommend TradeLocker for a more stable trading experience, especially for those using manual strategies.

Trust and Community

As a new prop trading firm, DNA Funded partners with the reputable DNA Markets, an ASIC regulated broker known for reliable spreads and execution speeds. DNA Markets holds a TrustPilot rating of 3.9/5, which boosts DNA Funded’s credibility.

DNA Funded has initiated a private Discord server to build a secure trading community, where traders can interact, share insights, and receive support.

Support and Education

DNA Funded currently offers customer support via email. Educational resources are expected to grow and may include webinars, tutorials, and a comprehensive FAQ section in the future.

• Customer Support: Limited to email initially
• Educational Resources: Light educational resources currently available, with plans to expand to a full learning portal.

Our Final Verdict on DNA Funded

DNA Funded is a strong choice for traders seeking flexible challenges with low fees. Ranking as the second-best prop firm for forex traders with a score of 97/100, it provides competitive spreads, accessible payout options, and reliable trading through DNA Markets.

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Blueberry Funded is perfect if you’re looking for a fast-track evaluation process. Their Rapid Challenge lets you secure a funded account in just 7 days, which is one of the quickest options available. You also get access to 128 forex and CFD markets, making it a great choice for traders who want variety.

Use promo code PROPFIRMS25 for 25% off your challenge fee, helping you keep costs down while getting funded quickly.

Blueberry Funded Has One of the Fastest Evaluation Processes

Blueberry Funded stands out for its flexible approach to prop trading challenges, providing options to suit various trading styles and experience levels.

With one of the quickest evaluation options in the industry, the Rapid Challenge, Blueberry Funded appeals to traders who thrive under fast-paced conditions and can demonstrate skill in a short timeframe.

Challenges and Accounts

Blueberry Funded offers three unique challenge types with one step, two step, and rapid evaluations, each tailored to accommodate different trading speeds, risk appetites, and evaluation requirements.

The 1 Step Challenge is aimed at traders who prefer a straightforward, single-phase evaluation with no time limits. The trading program allows you the flexibility to meet the 10% profit target at your own pace.

If you want a more structured evaluation, the 2 Step Challenge offers a two-phase process, adding an extra layer of consistency and discipline. In Phase 1, traders must achieve a 10% profit target, while Phase 2 reduces the profit target to a more manageable 5%.

The Rapid Challenge is specifically designed for fast-paced traders who excel in high-pressure, short-term environments. Known as one of the quickest evaluation options in the prop trading industry, this challenge sets a 7-day evaluation period with a 5% profit target and no minimum trading days, focusing on immediate performance.

The Rapid challenge is best suited for experienced, high-frequency traders who can demonstrate skill under time constraints.

Profit Splits and Payouts

Blueberry Funded’s profit split begins at 80%, with your first payout available after 14 days. The firm also allows traders to scale account sizes every three months if they meet specific performance criteria, rewarding consistent profitability with gradual capital increases.

Upon reaching funded status, traders can withdraw profits starting at a minimum threshold of $100. The firm refunds the initial challenge fee after the first profit withdrawal, helping offset the costs of the evaluation process.

Payout methods include both bank transfers and cryptocurrency options, giving traders flexibility in accessing their earnings.

Markets and Leverage

Blueberry Funded provides a broad range of 128 financial instruments, catering to traders who seek diverse market exposure and flexibility across asset classes.

• Forex: 45 currency pairs, including major, minor, and exotic options. Leverage up to 1:50 for the 2 Step Challenge and 1:30 for 1 Step and Rapid Challenges. Key pairs: EUR/USD, GBP/USD, USD/JPY.
• Indices: 14 major indices such as US30, UK100, and GER30. Leverage capped at 1:10, offering broad market exposure and hedging opportunities.
• Commodities: 17 instruments, including Gold, Silver, and Crude Oil. Leverage of 1:10, ideal for trading precious metals and energy products.
• Cryptocurrencies: 52 crypto pairs, including BTC/USD, ETH/USD, and ADA/USD. Leverage capped at 1:2, available for the 1 Step and Rapid Challenges only.

Trading Platforms

Blueberry Funded supports three trading platforms, MT4, MT5, and DXTrade, allowing you to select one that best fits your style.

1. MetaTrader 4 (MT4): Known for reliability and customisable EAs, making it a popular choice for forex traders.
2. MetaTrader 5 (MT5): Offers more order types and indicators than MT4, with enhanced charting for advanced traders.
3. DXTrade: A browser-based option with a flexible layout, though it may experience performance issues during high trading volumes.

Trust and Community

Blueberry Funded is backed by Blueberry Markets, an ASIC-regulated broker, which lends additional credibility to its operations. On TrustPilot, the firm currently holds a mixed score of 3.5 out of 5 from 26 reviews.

While some traders praise the quick withdrawal process and helpful support, others express concerns over trading rule updates. The firm has an active community presence, with a Discord server of over 11,000 members where traders can connect, share strategies, and receive peer support.

Blueberry Funded also maintains active profiles on Facebook, Instagram, and Twitter, providing traders with updates and fostering an engaged community.

Support and Education

Blueberry Funded offers 24/5 support through email and live chat, available throughout the trading week to address account inquiries and technical issues. The firm’s FAQ section covers key topics like trading rules, platforms, and fees, although more complex questions may require direct contact with the support team.

Educational resources are somewhat limited; the Discord community serves as the main hub for trader insights and discussions, while a small YouTube channel primarily offers promotional content rather than in-depth learning resources.

This setup may not fully satisfy traders seeking structured educational materials, though the community-driven environment on Discord helps bridge some of the informational gaps.

Our Final Verdict on Blueberry Funded

Blueberry Funded combines flexible challenge types, diverse market access, and top trading platforms, making it a versatile option for traders at different skill levels. Its Rapid Challenge, with a 7-day evaluation period, is a good option if you are looking for fast funding, while the 1 Step and 2 Step Challenges offer more time and a structured approach to meet profit targets.

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OANDA is a top pick for beginners, with low challenge fees, a trusted reputation, and a simple evaluation process. Their MT5 platform is easy to use, and account sizes go up to $500,000, making it a good entry point for funded forex trading.

Use promo code PROPFIRMS15 to get 15% off your Boost or Classic challenge fees, making it even more affordable to start trading.

OANDA is a User-Friendly Prop Firm for Beginner Traders

OANDA Prop Trader’s simplicity and flexibility make it the best prop firm for beginner forex traders. With low starting fees and an easy-to-navigate two-phase evaluation, it caters well to those new to the industry who need a straightforward pathway to a funded account.

The evaluation process doesn’t involve complicated rules, and the available educational tools are practical, making the prop firm challenge a good starting point.

Challenges and Accounts

OANDA offers two main challenge types: the Classic and Boost Challenges. Each option is structured to assess traders’ skills while providing manageable fees and a straightforward evaluation process.

The Classic Challenge has account sizes from $5,000 to $500,000, starting at just $35, which makes it accessible for beginners. The Boost Challenge offers higher profit splits (up to 90%) and is aimed at experienced traders who want to maximize returns.

1. Classic Challenge: Great for beginner to intermediate traders looking for trailing drawdowns, with 80% profit splits and low fees.
2. Boost Challenge: Ideal for those seeking higher profit splits (80%-90%) and a static drawdown, although fees are slightly higher.

Both challenge types require a minimum of 10 trading days per phase, providing a reasonable pace for those still developing trading habits and discipline.

Profit Splits and Payouts

OANDA’s profit-sharing structure starts at 80% for the Classic Challenge and can reach up to 90% in the Boost Challenge, appealing to traders focused on building account equity over time.

Traders can withdraw profits every 14 days, with a minimum withdrawal amount of $200. While higher than some other firms, the bi-weekly payouts and profit splits make it convenient for consistent earners. OANDA also offers a refund on the initial challenge fee after the first profit share, providing extra value for successful traders.

Markets and Leverage

OANDA provides access to 56 instruments across three main asset classes – forex, indices, and commodities – with leverage up to 100:1 for forex and 50:1 for other assets. Here’s the market breakdown:

• Forex: 36 currency pairs with leverage up to 100:1, catering to those focused on currency trading.
• Indices: 15 major indices from global markets, with 50:1 leverage, offering a balanced option for market exposure.
• Commodities: Includes popular instruments like gold, silver, and crude oil, also with leverage capped at 50:1.

Trading Platforms

OANDA supports MetaTrader 5 (MT5) exclusively, offering a single but well-equipped platform for all trading activities. MT5 is particularly useful for beginner traders due to its:

• Automated Trading: Support for Expert Advisors (EAs) helps those interested in algorithmic trading.
• Advanced Charting Tools: Provides 21 timeframes and comprehensive technical analysis tools.
• Economic Calendar: Helps integrate fundamental news into trading strategies, a feature that’s especially valuable for new traders.

While some traders may miss the variety of platforms like MT4 or cTrader, MT5’s capabilities make it a solid choice for both learning and executing trades.

Trust and Community

OANDA’s long-standing reputation in the trading industry brings a level of trust to its prop trading division, despite it being separate from the regulated brokerage services.

The firm’s active social media presence also allows traders to stay informed and engaged, although it lacks direct community interaction, such as a Discord group dedicated to prop trading discussions.

On TrustPilot, OANDA has a 4.1 out of 5 rating, but these reviews are mostly reflective of the broader OANDA brand, rather than the prop trading services specifically.

Support and Education

OANDA offers reliable email support and live chat, though the latter can be inconsistent at times. OANDA Labs, the firm’s educational resource, provides practical tools and guides that help traders develop their skills and gain insights into market conditions.

While this support and education setup may suit beginners, more immediate assistance would benefit those trading in different time zones.

Our Final Verdict on OANDA

OANDA Prop Trader is a solid choice for beginners, with accessible fees, a straightforward evaluation process, and reliable MT5 features. The Classic Challenge’s low entry point and practical education resources make it ideal for those getting started in prop trading.

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FXIFY scored 83/100 overall in testing, with flexible evaluation options and customisable add-ons, including higher profit splits, faster payouts, and increased leverage. You can choose from Instant, Lightning, One, Two, and Three Phase challenges, with account sizes up to $400,000.

While FXIFY promotes spreads from 0 pips, there’s limited transparency around actual trading costs, but if you prioritise adaptability, FXIFY’s customisation options still make it a reasonable prop firm.

FXIFY Has a Range of Challenge Add-Ons

FXIFY offers customisable add-ons that allow traders to tailor their accounts, with options for faster payouts, increased leverage, and higher profit splits, providing flexibility for a range of trading styles.

Challenges and Accounts

FXIFY’s challenge options offer a structured approach with five main formats – Instant, Lightning, One Phase, Two Phase, and Three Phase – each designed with specific profit and risk management criteria:

• Instant Funding: Get direct access to trading capital without completing an evaluation.
• Lightning Challenge: A high-speed challenge designed for confident traders who can meet strict risk requirements.
• One Phase Challenge: A straightforward evaluation for traders who prefer a single-step qualification process.
• Two Phase Challenge: A balanced approach that tests both profitability and risk management over two stages.
• Three Phase Challenge: A methodical evaluation with smaller targets, ideal for traders focused on long-term consistency.

Each challenge type accommodates account sizes ranging from $1,000 to $400,000, with varying fees that scale with the account size.

Profit Splits and Payouts

FXIFY’s profit split begins at 80%, but you can purchase an add-on to increase the split to 90%. Payouts are processed monthly by default, but traders who prefer more frequent withdrawals can buy an addon for bi-weekly payouts.

A Performance Protect add-on also offers extra security by extending the maximum drawdown buffer, which can be particularly useful for those aiming to trade more frequently.

Markets and Leverage

FXIFY provides access to 101 financial instruments across forex, indices, commodities, stocks, and cryptos.

• Forex: 42 currency pairs, with major, minor, and exotic options.
• Indices: 13 global indices, like S&P 500, DAX, and ASX.
  Commodities: Includes core commodities like WTI and Brent crude oil, and metals like gold and silver.
• Stocks: Available only on MT5, with 30 high-profile stocks such as Apple, Amazon, and Tesla.
• Cryptocurrencies: 7 popular crypto pairs, including BTC/USD and ETH/USD.

Leverage options are set at a conservative 30:1 for forex and gold, 10:1 for indices, and 2:1 for stocks and crypto.

An add-on is available to raise leverage to 50:1 for forex and gold trades, providing increased exposure for traders on MT4 and MT5 (not available on DXTrade).

Trading Platforms

FXIFY offers three popular trading platform choices to cater to varied trading preferences with MT4, MT5, and DXTrade with a TradingView integration available.

1. MetaTrader 4 (MT4): Known for its stability and automated trading features, MT4 is suited for traders looking to leverage EAs for strategy automation. The platform includes charting tools with adjustable timeframes and trend lines, enhancing market analysis.
2. MetaTrader 5 (MT5): With added depth of market (DOM) data and broader asset access, MT5 is ideal for multi-asset traders. It includes additional order types and a built-in economic calendar, enabling more advanced market analysis.
3. DXTrade with TradingView Integration: This browser-based platform allows full customisation with DXTrade’s flexible layout and TradingView’s detailed charting features, making it suitable for technical analysts. However, DXTrade has reported occasional lags during high-traffic times, which may impact execution during volatile sessions.

Trust and Community

FXIFY has built a strong online presence, with a Discord community with tens of thousands of members, providing a platform for traders to share insights and strategies.

With a 4.1/5 TrustPilot score, user feedback highlights positive experiences with quick payouts, though some users have noted delays in processing times for high-tier accounts.

Support and Education

Customer support is available 24/7 via live chat and email, but response times and service consistency vary. FXIFY’s educational resources are limited, with minimal video tutorials and a basic FAQ section.

If you are needing in-depth learning resources, FXIFY may not be as strong as other prop firms with more comprehensive educational offerings.

Our Final Verdict on FXIFY

FXIFY stands out with flexible add-ons for profit splits, leverage, and payout frequency, giving traders options to customise their experience. With multiple challenge structures catering to varied trading styles, FXIFY provides a unique level of control for traders aiming to align their accounts with specific strategies.

ThinkCapital is a broker-backed prop trading firm offering account sizes from $5,000 to $200,000. With competitive fees, three evaluation challenges, and profit splits up to 90%, ThinkCapital caters to diverse trading styles.

ThinkCapital’s Challenge Fees are as Low as $39

ThinkCapital ranks as one of the most cost-effective broker-backed prop firms, with challenge fees starting from just $39 and account sizes up to $200,000.

With three tailored evaluation programs and profit splits reaching 90%, it suits traders of all skill levels. The firm also provides bi-weekly payouts and scaling opportunities, focusing on long-term growth for consistent performers.

Challenges and Accounts

ThinkCapital offers three challenge types, each designed to accommodate different trading strategies and skill levels.

1. Lightning Challenge: A single-step evaluation focusing on achieving a 10% profit target with conservative leverage of 1:30. Ideal for traders who prefer a straightforward path to funding.
2. Dual Step Challenge: A two-phase process with an 8% profit target in Phase 1 and a 5% target in Phase 2. Leverage increases to 1:100, making it suitable for active day or swing traders.
3. Nexus Challenge: A three-step evaluation for experienced traders, requiring a total profit target of 18%. Designed to test consistency and advanced risk management under real-world conditions.

Add-ons, such as increased profit splits, weekly payouts, and news trading allowances, provide flexibility for traders seeking customised trading environments.

Profit Splits and Payouts

ThinkCapital’s profit-sharing structure offers one of the most competitive splits in the industry, reaching up to 90%. Payouts are processed on a bi-weekly basis by default, with an optional upgrade to weekly withdrawals for faster access to funds.

All payouts are exclusively in cryptocurrency, ensuring quick transaction times but potentially limiting traders who prefer traditional banking methods. Fees for challenges are refunded upon the first profit withdrawal, providing an additional incentive for consistent performance.

Markets and Leverage

ThinkCapital supports a broad range of tradable instruments, including forex, commodities, indices, and cryptocurrencies. Leverage is tailored to the challenge type and asset class, catering to diverse trading strategies.

• Forex: Includes major, minor, and exotic pairs with leverage up to 1:100.
• Commodities: Offers trading in gold, silver, and oil with leverage varying between 1:10 and 1:30.
• Indices: Covers global indices like NAS100 and GER40 with leverage options ranging from 1:5 to 1:15.
• Cryptocurrencies: Limited to major pairs like BTC and ETH, with leverage capped at 1:2.

Trading Platforms

ThinkCapital provides two advanced platforms for trading:

• MetaTrader 5 (MT5): Offers tight raw spreads, advanced charting tools, and support for Expert Advisors (EAs). This platform is ideal for technical traders seeking precise execution and customisation.
• ThinkTrader with TradingView Integration: Combines a user-friendly interface with professional-grade charting and collaborative tools. This platform caters to traders who value an intuitive trading experience.

Note, US traders are restricted to ThinkTrader due to MT5’s regulatory limitations.

Trust and Community

ThinkCapital maintains a solid Trustpilot score of 4.5/5, based on user feedback highlighting transparent rules and efficient payouts.

While its Discord community is smaller than some competitors at 9,000 members, it provides a collaborative space for traders to share strategies and insights.

Active social media channels further support user engagement with regular updates and educational content.

Support and Education

Customer support is accessible through live chat, email, and a web contact form, offering timely assistance for both new and experienced traders.

ThinkCapital also provides a solid range of educational content through its YouTube channel, featuring over 100 videos covering topics like risk management, platform tutorials, and trading psychology.

These resources cater to traders at all levels, helping to refine skills and enhance performance.

Final Verdict on ThinkCapital

ThinkCapital combines affordability, flexible challenges, and advanced tools to create a comprehensive prop trading experience. While its crypto-only payouts and smaller community may not appeal to everyone, the firm’s low fees, competitive profit splits, and reliable trading conditions make it a top contender for traders focused on growth and consistency.

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We recommend FTMO for its reputable standing as one of the original prop trading firms, established in 2015. FTMO offers a structured, two-phase evaluation process with accessible entry fees and a refundable fee model upon successful completion.

Its three account types—Standard, Aggressive, and Swing—cater to different trading styles, allowing traders to select a model that aligns with their risk tolerance and trading approach.

FTMO has been a Trusted Prop Firm since 2015

Founded in 2015, FTMO has established itself as one of the most reputable and well-known prop trading firms with a transparent approach to evaluation and funded trading.

As one of the first in the industry, FTMO set the standard for modern prop trading, offering traders a structured path to access significant capital with clear profit-sharing incentives. The firm has a strong reputation, backed by an Excellent rating on Trustpilot, where it scores 4.9 out of 5 from thousands of reviews.

FTMO Challenges and Accounts

FTMO provides traders with three main account types, each tailored to different trading strategies and risk levels. Account sizes range from €10,000 to €200,000, with fees that are refundable upon successful completion of the evaluation process.

Here’s a breakdown of the account types and evaluation structure:

• Standard Account: Targets moderate risk with a 10% profit target in the Challenge phase and 5% in Verification. Daily loss limit is 5%, and maximum loss is 10%. Suitable for balanced and conservative trading.
• Aggressive Account: Designed for higher risk, aiming for a 20% profit target in Challenge and 10% in Verification. Allows up to 10% daily loss and 20% maximum loss. Ideal for traders seeking greater profit potential with higher risk tolerance.
• Swing Account: Allows holding positions over weekends and news events with leverage capped at 1:30. Profit targets are 10% in Challenge and 5% in Verification, with a focus on long-term trade flexibility.

Profit Splits and Payouts

FTMO’s profit-sharing model starts with an 80% split of profits, which can scale up to 90% for traders demonstrating consistent profitability over time.

The firm’s scaling plan rewards you by increasing account sizes by 25% every four months, provided you maintain a 10% profit across that period. This system enables you to potentially grow your account to $2 million through consistent performance.

FTMO allows you to request payouts every 14 days after your first trade, and payouts are processed within 1–2 business days without withdrawal fees.

Markets and Leverage

FTMO provides you access to a wide range of financial markets, including forex, commodities, indices, stocks, cryptocurrencies, and bonds.

Standard and Aggressive accounts offer leverage up to 1:100, while the Swing account caps leverage at 1:30 to mitigate risks for longer-term trades. This flexible leverage structure allows traders to adjust their exposure based on their trading style.

Trading Platforms

FTMO supports four major trading platforms, offering detailed options to suit different trader preferences and technical needs:

1. MetaTrader 4 (MT4) – The most popular trading platform worldwide, MT4 provides 30+ built-in indicators, multiple chart types, and fast order execution.
2. MetaTrader 5 (MT5) – An enhanced version of MT4, MT5 includes additional timeframes, an economic calendar, and more advanced charting tools.
3. cTrader – Offers direct access to liquidity providers with transparent Level II pricing. It’s favoured for its user-friendly interface and advanced order types, like one-click trading and market depth.
4. DXtrade – A web-based trading platform, DXtrade offers a simple layout suitable for traders who value accessibility.

Trust and Community

FTMO’s reputation is built on its early establishment in the industry and a strong track record of service. With an Excellent Trustpilot rating of 4.9 out of 5 and thousands of positive reviews, FTMO is regarded as a trusted prop firm with a history of transparent and supportive practices.

Socially, FTMO has a huge following on Instagram, Twitter, Facebook, and YouTube, engaging traders with educational resources, market insights, and community-driven content.

Support and Education

FTMO offers 24/7 support through live chat, WhatsApp, phone, and email, ensuring traders receive prompt assistance.

The firm also provides educational resources through its ‘Trading Academy’ and a suite of proprietary trading apps, including Account MetriX and the Mentor App, designed to improve trading discipline and strategy.

Video content on FTMO’s YouTube channel and articles on trading psychology add further support, enhancing trader development.

Our Final Verdict on FTMO

FTMO offers reputable funding, a range of account types, and a structured scaling system. Its commitment to transparency, consistent payouts, and quality educational resources make it a top prop firm if you are looking for a firm with a proven track record and extensive support for development.

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We recommend Funded Trading Plus (FTP) for its flexible account types, including instant funding options that provide immediate trading capital, appealing to a range of trading goals and experience levels.

With scalable accounts up to $5 million, profit splits starting at 80%, and options for higher profit shares, FTP is a solid choice for traders looking for both growth and adaptability in funded trading.

Funded Trading Plus Offers Instant Funding

Funded Trading Plus (FTP) stands out for its variety of funding options, including instant access to trading capital. This flexibility gives traders the choice between immediate funding or structured evaluations, appealing to different skill levels and trading goals.

With instant funding, FTP offers a fast-tracked route to live trading without any evaluation, while its scaling plans allow for account growth up to $5 million.

Challenges and Accounts

FTP offers three main account types with instant funding, one step, and two step evaluations available:

• Instant Funding: No evaluation, immediate access to live trading. Profit splits start at 80%, with upgrade options.
• One-Phase Challenge: A single evaluation phase with a 10% profit target. Lower risk and straightforward requirements make this suitable for skilled traders seeking a quicker path to funding.
• Two-Phase Evaluation: A more traditional evaluation model with 8%-10% profit targets across two phases, allowing for a gradual assessment of trading skills.

Account sizes range from $5,000 to $200,000, with fees from $119 to $4,500 depending on the account type and size.

Profit Splits and Payouts

FTP’s profit-sharing begins at a competitive 80% but includes add-ons to increase the split to 85% or 90% right from the start, giving traders the option to optimise their earnings immediately.

FTP also offers customisable payout intervals, with choices of 3, 5, or 7 days, allowing traders to control the frequency of their withdrawals according to their preferences.

For traders who complete the evaluation phase, FTP provides a refund of the initial challenge fee after the first profit withdrawal, making the evaluation process more cost-effective for successful participants.

Additionally, FTP’s add-ons extend to account size boosts (increasing funding by 15%), enhanced scaling options up to $5 million, and faster payout frequency upgrades, making FTP a flexible choice for traders looking to maximise their funded trading potential.

Markets and Leverage

FTP provides a focused selection of 53 trading instruments, spanning forex, commodities, indices, and cryptos:

• Forex: With 37 currency pairs, FTP offers ample opportunities for forex traders, covering major, minor, and some exotic pairs with 30:1 leverage.
• Commodities: Popular commodities like Gold, Silver, and Oil (Brent and WTI) are available with leverage up to 10:1.
• Indices: FTP includes 8 major global indices such as NASDAQ 100, S&P 500, and FTSE 100, with leverage up to 20:1. The leverage on cTrader is limited to 10:1 for indices, appealing to more conservative traders.
• Cryptocurrencies: For those interested in digital assets, FTP offers 4 crypto pairs, including Bitcoin and Ethereum, with leverage capped at 2:1.

Trading Platforms

FTP offers a great selection of trading platforms, you can choose from Match-Trader, DXTrade, MT4, MT5, or cTrader:

1. Match-Trader: Known for its seamless integration with TradingView, Match-Trader provides sophisticated charting tools, ideal for traders who rely heavily on technical analysis.
2. DXTrade: A basic platform with essential trading tools, DXTrade may lack reliability in fast-moving markets, with reported delays in execution that could impact high-frequency trading.
3. MetaTrader 4 (MT4): A staple in forex trading, MT4 is known for its customisation options and compatibility with Expert Advisors (EAs) for automated trading.
4. MetaTrader 5 (MT5): An advanced version of MT4, MT5 includes additional order types, 21 timeframes, and in-depth market analysis tools, making it suitable for traders looking for a comprehensive trading experience.
5. cTrader: Favoured by technical traders, cTrader offers detailed market depth, custom indicators, and automated trading capabilities. It incurs a $25 monthly fee, appealing to advanced users looking for a feature-rich environment.

Traders choose their preferred platform during registration. However, switching platforms post-registration incurs a fee, so careful selection at the start is advised to avoid additional costs.

Trust and Community

FTP has built a strong community, supported by a high TrustPilot rating of 4.7 stars, indicating generally positive user experiences. The firm actively engages with its community through various social media channels and a dedicated Discord server with over 40,000 members.

The Discord platform serves as a collaborative environment for traders to exchange strategies, discuss market insights, and receive timely updates, contributing to an informed and supportive trading community.

Support and Education

FTP offers 24/7 customer support via email and live chat, with response times that are typically fast and helpful, yet the the firm’s educational resources are limited to basic blog posts and YouTube tutorials.

Our Final Verdict on FTP

Funded Trading Plus (FTP) offers immediate or staged funding options with scalable accounts up to $5 million and profit splits up to 90%. With a focus on forex and commodities, flexible payout intervals, and various trading platforms, FTP caters to traders seeking both rapid access to capital and room for growth.

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